Crude oil

12 wrz

9.12.24 this video is a follow-up of yesterday's video showing what I thought was a manipulation in the market to attract sellers in a market that was about ready to go higher. I Define it as a bear trap but I'm not sure if that's what the official name would be. up what's more important is to know what a market looks like that can adversely affect your trade which is good for some Traders but not for you. normally I would categorize it as a relationship between smart money and fast money Being less skilled Traders. when a personal basis I don't think of myself as fast money or smart money... I just want to know where my risk is and whether I should be a buyer or a seller and I have to calculate at least a reasonable Target and then I know basically what the support and resistance is and the risk as it pertains to the reward.if you really trade you will have experiences where the market scared the heck out of you but didn't get to your stop but you got out because something scared you about the marketand then the market goes $4000 in your direction but you got out first. Last week I was talking about markets that were moving higher when they should probably be going lower and we did that with a few markets including the S&Pand I think we did that with an early version of oil if I'm not mistaken. there is always the possibility that the market can give you a point of view that's going to turn on you and completely change your opinion and my belief is a lot of these special trades that trigger incorrect decisions from you are at least partially contrived to get you on the wrong side of the market. In the video I started talking about trading very small time frames and I regret doing that because it wasn't pertinent to what we were doing today and yesterday. but since I mentioned the 1 hour chart which I consider a small time frame, the other problem with it is that you're going to trade with more frequency and every time you take a trade you have to work with the spread between you and the clearing firm and that cost can be fairly expensive especially when you're trading for very small profits SO trading very small time frames have significant risk and are prone to cost you more money than you realize,whereas if you take in your long position in oil when the market started to turn higher with the plan to stay in longer this is when you can make 3 to 1 and greater trades even when you have small risk and you have a way of avoiding the risk but you can stay in for five to seven$1000 trades with a small risk.